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The random walk hypothesis

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The random walk hypothesis

The random walk hypothesis

▸ implies that security analysis is unable to predict future market behavior.

▸ suggests that random patterns appear but only over long periods of time.

▸ has been disproved based on recent computer simulations.

▸ accounts for market anomalies such as calendar effects.

Textbook

Fundamentals of Investing

Edition: 14^th

Authors: Zutter, Smart

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You make an excellent tutor!

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this is exactly what I needed

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